Closings on existing homes, which usually take place a month or two after a contract is signed, decreased 7.1 percent to a three-month low 5.08 million annual rate after a 5.47 million pace in January.
· On a year-to-date basis however, new home sales for 2019 are 4% higher than the same period in 2018. “The report shows growth in sales in the $200,000-300,000 price range, which indicates middle-class demand for housing is being supported by low rates and solid employment,” said NAHB Chairman Greg Ugalde.
Declining due to lack of housing inventory. existing home sales decreased in January, seeing the largest annual decline in more than three years, according to the latest release from the National Association of Realtors. Total existing home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops,
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Sales Price. The median sales price of new houses sold in June 2018 was $302,100. The average sales price was $363,300. For Sale Inventory and Months’ Supply. The seasonally-adjusted estimate of new houses for sale at the end of June was 301,000. This represents a supply of 5.7 months at the current sales rate.
Developers sold 301 units in February, down 7 percent from the revised 323 units in January, according to data released Tuesday by the Urban Redevelopment Authority. While annual sales rose just..
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Sales of existing homes fell to a three-year low in January, with prices surging especially high for those looking to buy their first home. Home sales skid to biggest drop in three years in January
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· New home sales hit five-and-a-half year high in January. Sales of previously-owned homes tumbled to a 1-1/2 year low in January and housing starts recorded their biggest decline.
Top Producers in the West reveal a strong dependence on cash-out refis Average mortgage rates hold steady amid global trade disputes Blog – Smart Properties, LLC – Added Kan, “It's worth watching if ongoing global trade disputes lead to.. average supply during the first quarter of 2019 was 3.8 months – up from 3.5 months.. and mortgage rates, while others simply stepped out of the market amid.. NAHB – housing affordability holds steady on a year-over-year basis.From exuberant optimism fueled by a seeming continuity of strong sales in early January, "Sonnypage" tracks his business to the end of July, detailing the downward spiral of a market that suddenly just seemed to evaporate. Deals fall through, sellers who can’t get their asking prices and can’t afford to go low pull their houses off the market.Refi mortgage application share rises above 50% Loan-To-Value Ratio – LTV Ratio: The loan-to-value ratio (LTV ratio) is a lending risk assessment ratio that financial institutions and others lenders examine before approving a mortgage.
Despite this monthly decline, new home sales rose 8.3 percent overall in 2017 to 608,000 units. "The number of consumers planning to buy a new home in the near future is trending upward," said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. "Inventory remains low, but its growth in 2017 is an encouraging sign.
Sales in January fell to a three-month low. "More builders are saying that lower price points are selling well, and this was reflected in the government’s new home sales report released last week,".